Our paper studies the relationship between money growth and consumer price inflation in the euro area using wavelet analysis. Wavelet analysis allows to account for variations in the money growth-inflation relationship both across the frequency spectrum and across time. We find evidence of...

Current HICP measurement practices produce an upward bias of about one-ninth of a percentage point in German inflation due to changing consumption being disregarded and the preliminary data being used in the compilation of expenditure weights. The statistical uncertainty produced by these...

Die vorliegende Arbeit stellt die wichtigsten Ergebnisse der Konjunkturanalyse und -prognose vor, die der Sachverständigenrat zur Begutachtung der gesamtwirtschaftlichen Entwicklung in seinem Jahresgutachten 2000/2001 am 15. November 2000 vorgelegt hat. Zum besseren Verständnis werden...